By Judy Szablak
Westport’s single family home market is continuing at a steady pace. 
The house at 1 Stony Point West is on the market for $5 million. (CLICK TO ENLARGE) Photo courtesy of The Higgins Group
Although the average sales price may seem to have dipped nearly $200,000 in the last week, remember that more than one-third of the homes available in town are listed within the $1-2 million range, and these sales are well within that range.
A change from one week to the next that might appear drastic upon first glance, is not necessarily so when you look at the big picture. The real estate market is gauged by snapshots in time, and the only true way to gauge the market is to gauge those “snapshots” as they relate to each other.
On the whole, we have a great market, with excellent opportunities for both buyers, as well as sellers.
Homes: The average list price is $2,132,241 in Westport, although the median list price for a single family home remains fairly steady at $1,239,000.
As of this morning, there are 365 homes available, and they have been listed for sale an average of 96 days.
Fifteen new listings came on the market this week.There were 18 properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS.
Eight properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.
Closings: Ten properties sold this past week, and they had an average list price of $1,394,500 and were on the market just 46 days.There were 76 status changes in the last week.
Condos: The hottest “price pocket” for condominiums is between 500,000-600,000, although nothing is very hot about the condo market in Westport right now.
Sales and activity are lower than we’d like, especially when compared on a percentage basis to the single family statistics, but I think it’s just a temporary glitch.
The 27 condominiums that are available have been listed an average of 110 days, and have an average price of $592,062. The median price of a condo in Westport remains at $480,000.
Only one new listing came on the market this week, and no properties had a price change. In the last week, one property went into CTS status, and no properties went into pending status.
Closings: No condominiums closed in the last week. There were two status changes in the last seven days.
Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 75 homes or apartments available. Median price is $3,450 per month and the average price is $5,565 per month.
These year-round rental opportunities have been on the market an average of 39 days.
There still is a variety of seasonal rentals to choose from throughout town. As of this morning, there are 38 opportunities available and they have been on the market an average of 51 days, and at an average price of $12,672 .
The median price of both furnished and unfurnished seasonal rentals is $8,750.
Home of the Week :The only brand new home on Westport’s saltwater coastline, this 7,700-square foot architecturally designed home on 1 Stony Point West is also on a private waterfront cul-de-sac with boat slip potential.
Listed for $5 million, this Nantucket styled shingle-style Colonial is ready for occupancy this summer.
Capitalizing on a great floor plan with perfect flow, nothing was left to chance. This home is loaded with charm and there is nothing boxy or boring about any of the rooms.
Superior craftsmanship, custom millwork and masonry abound throughout. There are five fireplaces inside, and another outside which is flanked by a bluestone patio and multiple terraces that take advantage of the landscape.
The gourmet kitchen, complete with butler’s pantry, is open to the family room, and both have grand serene saltwater and picturesque horizon views.
There are six bedrooms, seven full and two half baths, and living areas that won’t let you forget the beauty of the natural landscape.
This is the a great home to enjoy as much inside as it is outside with a built-in pool, and a tasteful array of decks, balconies and fieldstone patios with outstanding masonry, terraces, and stone walls.
An added bonus? The Westport train station is less than one quarter of a mile away. Taxes have yet to be determined. Listing/photo courtesy of The Higgins Group.
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(Editor’s Note: Judy Szablak of RE/MAX- Fairfield County CT Realtor since 1984 is author of “The Art of Buying or Selling a Home,” and is featured on HGTV’s real estate show, “Desperate to Buy.” Email .(JavaScript must be enabled to view this email address) or visit her blog at www.TheCTrealtyBlog.com.
